Changan PSA Automobiles Co., Ltd. announced that it will receive equity funding for gross proceeds of CNY 3,600,000,000 on January 13, 2018. The company will receive funding from existing investor Chongqing Changan Automobile Company Limited (SZSE:200625) CNY 1,800,000,000 and Peugeot S.A. (ENXTPA:UG) for CNY 1,800,000,000, to continue to hold 50% stake, each. The current registered capital of the company is CNY 4,000,000,000.

The transaction has been approved at 1st extraordinary general meeting of the investor. The transaction has been approved at 27th session of 7th directorate of Chongqing Changan Automobile Company Limited (SZSE:200625) and is still subject to its shareholders' approval.